Blog by Laura Morrison

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BC Property Transfer Tax

February 17th, 2016

The British Columbia government announced a raft of measures Tuesday that aim to tackle the issue of housing affordability in the province. A tax break for buyers of newly built homes was brought in with immediate effect; it means that Canadian residents who buy a new home for up to $750,000 will save up to $13,000 on transfer tax but they must live in the property for at least one year. The ...